Aurora Cannabis Acquires Controlling Interest in Bevo Farms

Hydrofarm Acquires Aurora Innovations' Organic Nutrients and Grow Media Operations

July 1, 2021

Agriculture

Hydrofarm Holdings Group, Inc. completed the acquisition of Aurora Innovations, Aurora International and Gotham Properties LLC, an Eugene, Oregon-based manufacturer and supplier of organic hydroponic nutrients and grow media. The deal expands Hydrofarm's portfolio of nutrient and growing-media brands and complements its recent purchases of HEAVY 16, House & Garden, and Mad Farmer.

Aurora Cannabis Acquires Reliva LLC

May 28, 2020

Consumer Products

Aurora Cannabis Inc. completed the acquisition of Reliva, LLC, a leading U.S. hemp-derived CBD consumer brand, in a transaction valued at approximately US$40 million in Aurora common shares plus an earn-out of up to US$45 million. The deal gives Aurora immediate U.S. retail CBD scale and distribution (Reliva products are sold in over 20,000 stores) and aims to combine Aurora's product innovation and international footprint with Reliva's U.S. retail relationships to accelerate growth.

AdeptAg Acquires Bellpark Horticulture

October 27, 2022

Agriculture

AdeptAg, the North American controlled-environment agriculture platform, has acquired Bellpark Horticulture, a Surrey, British Columbia-based horticulture automation specialist. The deal expands AdeptAg's product offerings, sales and service capabilities in automated horticulture and controlled-environment production solutions.

Canopy Growth Acquires Ace Valley (AV Cannabis Inc.)

April 1, 2021

Consumer Products

Canopy Growth Corporation has completed the acquisition of AV Cannabis Inc. (Ace Valley), buying 100% of the Ontario-based cannabis brand to expand its portfolio of ready-to-enjoy products. Canopy plans to leverage its national sales, marketing and distribution capabilities to scale Ace Valley across Canada and optimize production to drive growth and margins.

Aurora Cannabis Acquires Remaining Stake in MedReleaf Australia (Indica Industries)

February 8, 2024

Healthcare Services

Aurora Cannabis, through a wholly owned subsidiary, acquired the remaining ~90% equity interest in Indica Industries Pty Ltd (doing business as MedReleaf Australia) at an enterprise value of AUD$50 million. Consideration included AUD$9.45 million in cash and approximately 69.5 million Aurora common shares; MedReleaf Australia generated roughly AUD$40 million of trailing 12-month net revenue and holds the #2 position in the Australian medical cannabis market.

Rabobank and TELUS Agriculture Acquire Conservis

July 19, 2021

Agriculture

Rabobank and TELUS Agriculture jointly acquired Conservis, a farm management systems company that consolidates farm data into a single platform. The partners plan to further develop Conservis’ platform—enhancing financial reporting and integrating with TELUS Agriculture’s ADX/ASX—to help growers manage agronomy, finances and supply-chain validation.